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Frequently Asked Questions

We have the answer to any question you may have about our programs and services. If you don't find the answer you are looking for, please feel free to submit your question and we will be happy to respond.

  
 
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Enterprise Zone
All FAQ's
 
Can you get Enterprise Zone tax credits at the same time as you get EDC credits?
Do you know of any buildings currently available for sale that I may buy and fix up?
I own a home in the zone that I am considering fixing up. Where do I start?

Can you get Enterprise Zone tax credits at the same time as you get EDC credits?
Enterprise Zone law does not allow a beneficiary to participate in both programs at the same time. However, you are allowed to be an Enterprise Zone beneficiary and subsequently give up the EZ benefits and become and EDC beneficiary. 
 
Do you know of any buildings currently available for sale that I may buy and fix up?
Although there are many buildings that may need fixing up, we do not keep a list of which buildings are for sale. We advise checking with the stakeholders for the zone or checking with your realtor. 
 
I own a home in the zone that I am considering fixing up. Where do I start?
The State Historic Preservation office is good place to start. They will provide guidelines on what can and cannot be done in the historic district. 
 
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VI ECONOMIC DEVELOPMENT AUTHORITY UNVEILS PLANS TO HELP BOOST LOCAL ECONOMY
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St.Thomas: 5055 Norre Gade, Government Development Bank Bldg., P.O. Box 305038, St. Thomas, USVI 00802 Tel. No.: (340) 714-1700
St.Croix: #116 King Street, Frederiksted, St. Croix, USVI 00840 Tel. No.: (340) 773-6499

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